The global NPWT market is projected to reach USD 3.24 billion by 2025 from USD 2.42 billion in 2020, rising at a CAGR of 6.1%.
Factors such as the rising prevalence of diabetes, government initiatives to prevent SSIs, increasing spending on chronic and surgical wounds, and the high rate of cesarean sections in elderly mothers are driving the growth of the NPWT devices market. On the other hand, the high cost of the NPWT devices, low adoption rates, and the complications associated with the use of NPWT devices are expected to restrain the growth of this market during the forecast period.
The major players operating in this market are Acelity (3M) (US), Smith & Nephew (UK), Mlnlycke Health Care AB (Sweden), Cardinal Health (US), ConvaTec (UK), DeRoyal (US), Lohmann & Rauscher (German), Talley Group (UK), Medela (Switzerland), and Genadyne (US), among others.
The Conventional NPWT devices segment accounted for the largest share of the NPWT devices market in 2019
Based on products, the NPWT devices market is segmented into conventional NPWT devices, disposable NPWT devices, and NPWT accessories. The conventional NPWT devices segment accounted for the largest share of the NPWT devices market in 2019. Better management of severe wound exudates by the portable conventional NPWT systems, reductions in the total disease bioburden, length of hospital stay, and the overall cost of treatment are the major factors driving the demand for NPWT devices.
The home care settings segment dominates the global NPWT devices market during the forecast period
Based on end-users, the NPWT devices market is segmented into hospitals, home care settings, and other end users. The home care settings segment accounted for the largest share of the NPWT devices market in 2019. The increasing sale of disposables and single-use consumables, rising healthcare costs, and an increase in the prevalence of age-related ailments are contributing to the large share of this segment.
North America will continue to dominate the NPWT devices market during the forecast period
The global NPWT devices market is segmented into four major regions, namely, North America, Europe, the Asia Pacific, LATAM, and the Middle East & Africa. North America accounted for the largest share of the global NPWT devices market in 2019. Factors such as increasing incidence of chronic wounds and diabetes, favorable reimbursement scenario, and the introduction of low-cost NPWT devices are driving the growth of the North American NPWT market.
Key Topics Covered
2 Research Methodology
3 Executive Summary
4 Premium Insights 4.1 NPWT Devices Market Overview 4.2 NPWT Devices Market, By Product Type, 2020 vs. 2025 4.3 NPWT Devices Market, By Wound Type, 2020 vs. 2025 4.4 NPWT Devices Market: Geographic Growth Opportunities
5 Market Overview 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 188.8.131.52 Growing Prevalence of Chronic Diseases 184.108.40.206 Increasing Spending on Chronic and Surgical Wounds 220.127.116.11 Government Initiatives to Prevent SSIs and Favorable Reimbursement 18.104.22.168 High Rate of Cesarean Sections in Elderly Mothers 5.2.2 Restraints 22.214.171.124 High Cost of NPWT Devices and Low Adoption 126.96.36.199 Complications and Risks Associated With the Use of NPWT Devices 5.2.3 Opportunities 188.8.131.52 Growth Potential in Emerging Economies 5.2.4 Trends 184.108.40.206 Growing Usage of Simplified Single-Use Devices 220.127.116.11 Shift in Revenue Mix from Rentals to Product Sales 18.104.22.168 Technological Advancements in NPWT 5.2.5 Challenges 22.214.171.124 Stringent Regulatory Policies
6 Negative Pressure Wound Therapy Devices Market, By Product Type 6.1 Introduction 6.2 Conventional NPWT Devices 6.2.1 Benefits of NPWT Drives Demand for Conventional Devices, But High Costs and Large Size Hinder It 6.3 Disposable NPWT Devices 6.3.1 Growing Adoption of Single-Use NPWT Devices in Home Healthcare Will Drive Market Growth 6.4 NPWT Accessories
7 Negative Pressure Wound Therapy Devices Market, By Wound Type 7.1 Introduction 7.2 Burns And Surgical & Open Wounds 7.2.1 High Incidence of These Wound Types Drives Demand for Treatment Technologies 7.3 Pressure Ulcers 7.3.1 High Cost of Treating Pressure Ulcers Has Increased Preference for Cost-Efficient Treatments 7.4 Diabetic Foot Ulcers 7.4.1 Increase in the Prevalence of Diabetes To Boost Market Growth 7.5 Venous Leg Ulcers 7.5.1 Rise in Geriatric Population Will Drive Prevalence of Venous Leg Ulcers 7.6 Traumatic Wounds 7.6.1 Increase in the Number of Emergency Visits Due To Trauma Supports Market Growth
8 Negative Pressure Wound Therapy Devices Market, By End User 8.1 Introduction 8.2 Home Care Settings 8.2.1 Rising Healthcare Expenditure And Increase in the Number of Surgical Procedures To Drive Demand for Single-Use NPWT in Home Care Settings 8.3 Hospitals 8.3.1 Rising Number of Surgeries To Drive Market Growth 8.4 Other End Users
9 Negative Pressure Wound Therapy Devices Market, By Region 9.1 Introduction 9.2 North America 9.2.1 US 126.96.36.199 Rising Prevalence of Diabetes And Favorable Reimbursement Policies in the Country To Boost the Market Growth 9.2.2 Canada 188.8.131.52 Increasing Government Support To Boost Market Growth 9.3 Europe 9.3.1 UK 184.108.40.206 Increase in R&D Activity Propels Market Growth 9.3.2 Germany 220.127.116.11 Germany Has Registered An Increasing Incidence of Diabetes 9.3.3 France 18.104.22.168 Increasing Incidence of Diabetes And Growth in the Geriatric Population To Drive Demand for NPWT Devices 9.3.4 Russia 22.214.171.124 Government Focus On Increasing Diabetes Awareness Will Favor Market Growth in Russia 9.3.5 Italy 126.96.36.199 Italy Is An Emerging Market for NPWT in Europe 9.3.6 Spain 188.8.131.52 Increasing Life Expectancy And Growing Geriatric Population Will Favor NPWT Product Demand in Spain 9.3.7 Rest of Europe 9.4 Asia Pacific 9.4.1 China 184.108.40.206 Increasing Incidence of Dfus To Support the Use of Single-Use NPWT Devices 9.4.2 India 220.127.116.11 Rising Surgical Volumes And Growing Investments Indicate Strong Opportunities for Market Growth 9.4.3 Japan 18.104.22.168 Favorable Regulations in Japan Have Boosted Product Launch And Commercialization Activity 9.4.4 Australia 22.214.171.124 Awareness of Diabetes Management Has Risen, Indicating Favorable Prospects for NPWT 9.4.5 South Korea 126.96.36.199 Increasing Awareness And Focus On Training Drive the South Korean Market 9.4.6 Singapore 188.8.131.52 Increased Healthcare Spending To Support Market Growth in Singapore 9.4.7 Rest of Asia Pacific 9.5 Latin America 9.5.1 Brazil 184.108.40.206 Brazil Is One of the Largest Markets for Healthcare in the Latin American Region 9.5.2 Mexico 220.127.116.11 Rising Awareness And Burden of Diabetes Favor Market Growth in Mexico 9.5.3 Rest of Latin America 9.6 Middle East & Africa 9.6.1 Rising Diabetes Prevalence Supports Market Growth
11 Company Profiles 11.1 Acelity 11.2 Smith & Nephew 11.3 Mlnlycke Health Care AB 11.4 Convatec Group 11.5 Cardinal Health 11.6 Paul Hartmann AG 11.7 Deroyal 11.8 Lohmann & Rauscher International 11.9 Medela 11.10 Genadyne Biotechnologies 11.11 Triage Meditech 11.12 Talley Group 11.13 Alleva Medical 11.14 Cork Medical 11.15 4L Health 11.16 Carilex Medical 11.17 Chongqing Sunshine Medical Industry & Trading 11.18 Wuhan VSD Medical Science & Technology 11.19 Pensar Medical 11.20 Haromed BVBA